Aristides Capital LLC Makes New Investment in Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Aristides Capital LLC purchased a new position in Alliance Resource Partners, L.P. (NASDAQ:ARLP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,684 shares of the energy company’s stock, valued at approximately $254,000.

Other institutional investors have also modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $42,000. Tortoise Investment Management LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $151,000. Advisory Services Network LLC acquired a new position in shares of Alliance Resource Partners during the fourth quarter worth $182,000. Axxcess Wealth Management LLC acquired a new position in shares of Alliance Resource Partners during the first quarter worth $209,000. Finally, Counterpoint Mutual Funds LLC grew its stake in shares of Alliance Resource Partners by 128.5% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 9,943 shares of the energy company’s stock worth $211,000 after purchasing an additional 5,592 shares in the last quarter. Institutional investors and hedge funds own 18.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ARLP. StockNews.com upgraded shares of Alliance Resource Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, April 30th. Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Alliance Resource Partners in a research report on Tuesday, April 30th.

Alliance Resource Partners Stock Performance

ARLP traded up $0.37 on Friday, reaching $25.79. The company had a trading volume of 284,067 shares, compared to its average volume of 273,403. Alliance Resource Partners, L.P. has a 1 year low of $18.32 and a 1 year high of $26.21. The stock has a market capitalization of $3.30 billion, a PE ratio of 5.64 and a beta of 1.15. The company has a quick ratio of 1.54, a current ratio of 2.08 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average price of $24.41 and a 200-day moving average price of $22.06.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings results on Monday, April 29th. The energy company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.28. Alliance Resource Partners had a net margin of 23.36% and a return on equity of 31.68%. The firm had revenue of $651.70 million during the quarter, compared to analysts’ expectations of $625.32 million. During the same period in the previous year, the company earned $1.45 earnings per share. As a group, research analysts forecast that Alliance Resource Partners, L.P. will post 3.72 EPS for the current fiscal year.

Alliance Resource Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.86%. Alliance Resource Partners’s payout ratio is 61.27%.

Alliance Resource Partners Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.